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Dec 29, 2025, 7:00 am117 ptsCapitalism: A Global History, by Sven Beckert, Penguin Press, 1,344 pages, $49 Adam Smith, widely considered the first major theorist of capitalism, abhorred the institution of slavery. "Whatever work [a slave] does…can be squeezed out of him by violence only, and not by any interest of his own,"…
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